(5 ILCS 220/3.5)
(from Ch. 127, par. 743.5)
Any expenditure of funds by a public agency organized pursuant
to an intergovernmental agreement in accordance with the provisions of this
Act and consisting of 5 public agencies or less, except for an
intergovernmental risk management association, self-insurance pool or
self-administered health and accident cooperative or pool, shall be in
accordance with the Illinois Purchasing Act if the State is a party to the
agreement, and shall be in accordance with any law or ordinance applicable
to the public agency with the largest population which is a party to the
agreement if the State is not a party to the agreement. If the State is
not a party to the agreement and there is no such applicable law or
ordinance, all purchases shall be subject to the provisions of the Governmental Joint Purchasing Act.
Such self-insurance or insurance pools may enter into reinsurance
agreements for the protection of their members.
(Source: P.A. 99-642, eff. 7-28-16.)